When beginning a company, many individuals go down the route of forming limited company to offer give its full name, a limited liability company.
The choice for someone starting up in operation independently is the business of as a sole-trader. There's much less formal paperwork associated with going into business as a sole-dealer, however a sole trader or limited company may probably offer numerous benefits. These incorporate more opportunities to lessen the amount of tax your enterprise pays, and more protection of your individual belongings in the case of the business going into problems.
This content explains how a limited agency is structured, and particulars the steps you'll need to decide to try form your own private limited organization.
The first thing you will want to do is to decide on the name for your new limited business. Companies house have a list of all companies registered within the UK, and you need to use their website to check if the name you need will be available or whether it is already used by another organization.
Whatever name you choose for your sole trader or limited company, you ought to have the time "limited" (often abbreviated to Ltd) at the end.
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